Incentives

Beneficiaries are granted a complete exemption from income tax for the activities incentivized under the law. This means that they are not required to pay any income tax on the profits generated from the qualifying activities. 

Beneficiaries are also exempted from any income tax withholdings related to the incentivized activities. This exemption allows them to retain the full amount of their income without any deductions at the source. 

Beneficiaries are entitled to a total exemption from municipal taxes on the declared net assets of their businesses. This exemption reduces the financial burden on the beneficiaries and further encourages investment. 

The law grants beneficiaries an exemption from the payment of capital gains tax. This exemption applies to any gains realized from the sale or transfer of assets directly related to the incentivized activities. 

Beneficiaries enjoy a complete exemption from import duties and taxes on goods, inputs, machinery, equipment, and tools necessary for the development and operation of the incentivized activities. This exemption lowers the cost of importing essential resources for the beneficiaries' businesses.